YNH Property
What we found
No winding-up order was made against YNH Construction Sdn Bhd, a unit of YNH Property, at a High Court hearing on 16 July 2026, after the Inland Revenue Board approved a revised arrangement for the unit to settle its outstanding tax liability of RM5.16 million by 10 September 2026, with a RM1.71 million tax increase under Section 103 of the Income Tax Act 1967 to be waived on completion.
The evidence
6 claims across 3 areasRegulatory and legal
NegativeYNH Construction Sdn Bhd, a unit of YNH Property, was served with a winding-up petition dated March 30, 2026 by the Inland Revenue Board over RM7.21 million in unpaid taxes, with court hearing fixed for July 16, 2026.
Corporate continuity
NegativeAs of end-June 2023, YNH Property had invested about RM1.1 billion in joint ventures with 17 properties across the Klang Valley, Perak, Kuala Pilah and Seberang Perai, with only RM16.8 million in cash holdings against this investment exposure.
3 more findings
Former auditor Baker Tilly raised concerns in October 2023 over RM1.1 billion worth of joint ventures and turnkey projects carried as inventories on YNH's balance sheet; a special independent review by UHY Advisory completed in April 2024 found YNH Property lacked documented policies or procedures for contracting and payment processes.
YNH Property deferred approximately RM34.41 million in coupon payments on perpetual securities in July 2026, with amounts originally due July 30 and August 7 rescheduled to January 29 and February 8, 2027.
YNH Property scrapped its joint venture with Chin Hin Group Property Bhd for a large residential project in Kuala Lumpur less than four months before announcing a new Bangsar South development deal in October 2025.
Independent recognition
Positive163 Retail Park by YNH Property Bhd won in the Neighbourhood Mall category of The Edge Malaysia Property Development Excellence Award, part of the Top Property Developers Awards 2023.